Flat this week index was 124.6 points, 2.51 percent down from last week. Among them, the hot rolled coil index fell the most obvious, reported 137.1, weekly decline of 3.56%. The plate market decline this week to continue to deepen, leading market North, Canton, Tianjin price Pudie, and decreases in the 120-150 yuan / ton range, including individual regions a decline of nearly 200 yuan / ton. The plate market today, the morning after the offer down, the market turnover is still light, but the individual businesses on Friday sealed library in advance to leave, so the majority of merchants offer do not want to continue down. As of Friday, the Shanghai Stock Exchange plate inventory total 370,700 tons, the second consecutive week of decline. Near the steel mills a price adjustment, the majority of businesses on the sidelines due to weak downstream demand, the market is widely expected next week the market will remain vulnerable to run. Zhengzhou market decline this week is relatively obvious, the S & P 20mm medium plate price fell 180 yuan / ton last week.
Market pessimism filled week domestic hot rolled coil prices continued sharp decline in the Shanghai market Carbon 3.0mm of board price drop of 180 yuan / ton, most of Beijing, Tianjin, lead the market decline is 100 yuan / ton or more. Following Baosteel, Anshan Steel, Wuhan Iron and Steel in succession down the cold hot rolled coil ex-factory price, Hebei Iron and Steel yesterday also cut 200 yuan / ton of hot-rolled prices in August, and increased the preferential price and the market is still a gap. Sluggish downstream demand, market transactions remains in the doldrums, business is generally bearish market outlook. The prices have dropped rapidly, the market mentality has crumbled suddenly increase the price cuts. Taiyuan market hot-rolled 3.0mm offer this week last week, down 200 yuan / ton.
Long products index at 159.4 points this week, fell 2.51 percent last week, a substantial increase in the decline. Continued to fall this week, the building materials market is not only no signs of stabilization, but rather showed a declining trend accelerated, Shanghai, Tianjin, Beijing and other leading market weekly decline in general more than 100 yuan / ton, Wuhan, Chongqing and other individual market fell nearly 200 yuan / ton. The first two weeks of July, the Bank of continuous net return of funds into the second half of the funds in the market pressure is starting to show willingness to enhance the business Paohuo cash. Weekend sand steel and other leading steel mills a new pricing policy is forthcoming, steel prices continued to slump, the market is expected steel prices continued to fall generally bearish outlook. This week in 25 major markets thread HRB33520mm average price fell 120 yuan / ton last week, the Wuhan market decline of 190 yuan / ton led the declines.
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